Borrowing Money for Unsupported Plastics Packaging Film and Sheet Manufacturing

Looking for bank loans for unsupported plastics packaging film and sheet manufacturing? An SBA loan may be just what you've been looking for. This $200,000 unsupported plastics packaging film and sheet manufacturing loan was issued by a Minnesota bank.

This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Associated Bank, out of Plymouth, Minnesota. The loan was granted and they received $200,000 to help grow their Becker, Minnesota business.

SBA Loan Borrower

COMPANY TYPE: UNSUPPORTED PLASTICS PACKAGING FILM AND SHEET MANUFACTURING
BECKER, MN 55308

SBA Loan Lender

ASSOCIATED BANK
2655 CAMPUS DR
PLYMOUTH, MN 55441

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326112 - Unsupported Plastics Packaging Film and Sheet Manufacturing

Loan Approval Date

10/16/2001

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $180,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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Minnesota SBA 7A Lenders